Castle & Cooke CEO Still Faces
Opposition to Ownership Bid

LOS ANGELES -- Despite a recently sweetened bid, Castle & Cooke Inc. Chairman and Chief Executive David Murdock still faces opposition in his effort to purchase the 73% of the real-estate developer he doesn't already own.

Late last week, Furtherfield Partners LP of Houston said it would vote against Mr. Murdock's bid. Castle & Cooke had said it signed a definitive agreement under which a unit of Mr. Murdock's wholly owned Flexi-Van Leasing Inc. would purchase the 73% stake for $18.50 a share. Based on the nearly...